Markets
Daily Infographic: OPEC Crude Oil Supply Rises
Higher supply from Saudi Arabia as well as Libya and Nigeria — both exempt from OPEC cuts — pushed up output from OPEC’s 14 members, now including Equatorial Guinea, by 340,000 bbls per day to 32.6 million bbls a day, the highest so far this year. According to the International Energy Agency (IEA), Saudi Arabia raised output by 130,000 bbls per day, topping 10 million bbls per day for the first time in 2017, taking it within a whisker of its supply target to cover higher domestic consumption and exports.
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